Hello Everyone,
Just finished my research and thought to share some summary notes of VisioneeringTechnologies Inc. to show its potential and value proposition.
CorporateOverviewShare Code: VTI
Shares on Issue: 907 million
Market Cap: $14.5 million
Current Share Price: 0.016
52 weeks high: 0.105
52 weeks low: 0.012
UnlistedOptionsUnlisted options with various exercise prices
Key FinancialsCash in bank (31/3/20): US $4 million
Borrowing: Loan withdrawal of US $4 million
US$3 million Convertible Notes Payable issued byvarious investors at 10% interest due July 11, 2023
US$1 million Note Payable to Bank issued by SiliconValley Bank at 1% interest due in 2025
Recent Appendix 4C states" Finally, the steps we implemented to conserve cash, while limiting long-term growth potential for now, should enable us to lower our net cash used in operating activities to less than US$ 1.0m in each of the two remaining quarters of FY 2020, leaving us on solid financial footing through 2020 and well into 2021.”
SubstantialshareholdersRegal Fund - $84 mil (10.11 %)
Thorney Technologies - 245 mil (26.97%)
Below are the few selected screenshots of VTI investor presentations
Highly Credentialed Board of Directors
VTI sells patented revolutionary contact lenses
1. Presbyopia
Presbyopia addressable market
Current marketed MF contact lenses have two major shortcomings
2. Paediatric Myopia (Nearsightedness in children)
Paediatric Myopia progression
VTI at Forefront of Amplified industry interest in Myopia
Options available to slow myopia progression are limited
Key Highlights (Jan 2019 to May 2020)
Current state and the path forward
Recent updates as announced in Business Activity Report (dated: 15/7/20)
All in my opinion and research. Good luck and please do your own research!
Hello Everyone,Just finished my research and thought to share...
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